Roblox Co. (NYSE:RBLX) Insider Sells $1,008,760.48 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 16,432 shares of Roblox stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.39, for a total value of $1,008,760.48. Following the completion of the sale, the insider now directly owns 322,774 shares in the company, valued at $19,815,095.86. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mark Reinstra also recently made the following trade(s):

• On Tuesday, February 11th, Mark Reinstra sold 19,525 shares of Roblox stock. The shares were sold at an average price of $65.94, for a total value of $1,287,478.50.
• On Wednesday, January 22nd, Mark Reinstra sold 24,000 shares of Roblox stock. The stock was sold at an average price of $65.89, for a total value of $1,581,360.00.
• On Thursday, January 16th, Mark Reinstra sold 50,000 shares of Roblox stock. The shares were sold at an average price of $64.98, for a total transaction of $3,249,000.00.
• On Monday, December 23rd, Mark Reinstra sold 24,000 shares of Roblox stock. The shares were sold at an average price of $59.75, for a total transaction of $1,434,000.00.

Roblox Stock Up 0.5 %

Shares of NYSE:RBLX opened at $59.71 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The business’s 50 day moving average is $64.01 and its 200 day moving average is $52.94. The stock has a market cap of $36.96 billion, a P/E ratio of -41.18 and a beta of 1.46. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Sell-side analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Institutional Investors Weigh In On Roblox

Several large investors have recently modified their holdings of RBLX. Toronto Dominion Bank increased its holdings in Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after buying an additional 15,333 shares during the period. Smith Group Asset Management LLC increased its holdings in shares of Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after acquiring an additional 62,390 shares during the period. Chicago Partners Investment Group LLC bought a new position in Roblox in the fourth quarter worth about $363,000. Entropy Technologies LP raised its stake in shares of Roblox by 168.4% during the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after acquiring an additional 62,521 shares in the last quarter. Finally, Silicon Valley Capital Partners lifted its holdings in shares of Roblox by 3,010.0% during the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after purchasing an additional 66,882 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Benchmark boosted their target price on shares of Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Moffett Nathanson downgraded Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective on the stock. in a research report on Friday, February 7th. HSBC initiated coverage on Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective for the company. Morgan Stanley boosted their target price on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Canaccord Genuity Group raised their price target on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.19.

About Roblox

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.